FBI Probes Iced Tea Turned Blockchain Company For Insider Trading

Crime, News | July 26, 2019 By:

Long Blockchain, the iced-tea company that pivoted to blockchain in 2017, is being investigated by the US Federal Bureau of Investigation (FBI) for evidence of insider trading and securities fraud.

In December 2017, Long Blockchain changed its name from Long Island Iced Tea (LTEA) as part of a corporate shift towards “exploration of and investment in opportunities that leverage the benefits of blockchain technology.” The company’s share price exploded by over 400% in a single day,